2012-09-30
2012-10-08
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our deficit in a balanced way that allows us to make these critical investments. now, it ultimately will be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policies that helped to get us into this mess? or do we embrace a new economic patriot. >> that says america does best when the middle-class does best. i am alonging ford that debate. >> reporter: governor romney, two minutes. >> thank you, jim. it's an honor to be here with you. and it's an honor to be here with the president. i appreciate the welcome of the university of denver and the presidential commission on these debates. congratulations to you, mr. president, on your anniversary. i am sure this is the most remantic place you can imagine -- here with me. congratulations. this obviously is a very tender topic. i had the occasion over the past couple of years of meeting people across the country. i was in dayton ohio, and a woman grabbed my arm and said i have been out of work since may. you can help me? yesterday in a rally in denver, a woman came up with a baby in h

to this debt problem, led us to this deficit problem. they want homeownership for everybody. we want tax cuts. we want medicare part "d." we want an expansion of safety net programs and then this is what happens. there's no one in the middle to figure out how to pay for all this stuff the middle has been getting. >> and that's really honestly what this election is about. i think one of the things that i found fascinating, although i didn't think they quite got there, is when the two candidates were asked about the role of government, because that's what elections are always about, it seems to me. i mean, yes, you know, it's about turning out your base and about this or that, but it is mostly about what do you think the role of government is? should the government, for instance, be helping people buy homes through the deduction that we can take on interest rates on the home loan? that's a legitimate argument. is that really the role of government? and if so, somebody has to pay for it, but i don't think we have yet gotten down to the basics of that. what do you want your government to do becau

economy that we're in today, and that is that these heavy deficits have killed exports and are swamping the nation with cheap imports. we are now $120 billion of imports, 3 million jobs lost, and farmers are having their worst year. that's another reason to get the deficit down. >> mr. mondale, is it possible that the vast majority of americans who appear to be prosperous have lost interest in the kinds of programs you're discussing to help those less privileged than they are? >> i think the american people want to make certain that that dollar is wisely spent. i think they stand for civil rights. i know they're all for education in science and training, which i strongly support. they want these young people to have a chance to get jobs and the rest. i think the business community wants to get involved. i think they're asking for new and creative ways to try to reach it with everyone involved. i think that's part of it. i think also that the american people want a balanced program that gives us long-term growth so that they're not having to take money that's desperate to themselves and

america. and that we reduce our deficit in a balanced way that allows us to make critical investments. now, ultimately it will be up to the voters, to you, which path we should take. are we going to double down on the top down economic policies that helped get us into this mess? or do we embrace a new economic patriotism, that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney, two minutes. >> thank you, jim. an honor to be with you and pleased to be with the president. i'm pleased to be at the university of denver, i appreciate the welcome and the presidential commission on these debates and congratulations to you, mr. president, on your anniversary. i'm sure ythis is the most romantic place you could imagine, here with me. this obviously is a tender topic. i've had the occasion of meeting people across the country. i was in dayton, ohio and a woman grabbed my arm and said i've been out of work since may. can you help me? and yesterday was at a rally in denver and a woman came up to her with a baby in her arms and said, an

. >> you have been president for four years. he said he would cut the deficit in half. we still have trillion-dollar deficits. if you are reelected, we will get to a trillion-dollar debt. you have said you will cut the deficit in half. you find $4 trillion in cuts. we still show trillion-dollar deficits every year. that does not get the job done. why is it that i do not want to raise taxes? i do not want to raise taxes on people. in 2010, he said he would extend the tax policies we have now and not raise taxes because when the economy is going slow like this, you should not raise taxes on anyone. the economy is still going slow. it is growing more slowly now than when he made that statement. if he believed the same thing -- the reality is it is not just wealthy people. it is not just donald trump you are taxing. it is the people that employ one-quarter of the workers that are taxed as individuals. you raise taxes and kill jobs. that is why the national federation of independent businesses said your plan will kill 7000 jobs. >> let's stay on the tax system for a moment. to reduce the

? >> i would have to just say what the president said four years ago, if he could not cut the deficit in half, he does not deserve to run again. i don't have anything against him, but a lot of people called up and said the narrator ann romney grandstanded. i don't think he has the passion he does because he is under a lot of pressure. he has painted himself into a corner. >> this is from joshua, texas, on the independent line. >> i was watching the debate tonight and just looking at the body language on these guys. they keep avoiding the real issues. >> such as? >> they keep talking about the middle class, but their definition of the middle classes people that make over $40,000, for the most part. what about the people who make $20,000 or less? a lot of people don't make that much money. >> beat you learn anything tonight? >> no sir >> eric is saying she was not moved at all by this debate. this is steve joins us on our democrats line. >> i watched the debate for a second time tonight, and the first time i thought romney had him back on his heels of a lot. the second time through, i r

of this is possible. we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. centerr romney's economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. to try and dollars in additional military spending. -- $two trillion in additional military spending. without dumping the cost on the middle class americans. that is one of the central questions of this campaign. >> you have spoken about a lot of different things. governor romney, do you have a question you would like to ask the question directly about something he just said? >> i do not have a $-- tax cuts bill you're talking about. we have to provide tax relief to people in the middle class. our not reduce the share of taxes paid by high income people. they are doing fine in the economy. the people who are having a ha time are middle income americans. under the president's policies, they have been buried. middle income americans have seen their income decreased by $4,300. this is a t

we are setting as we wind down two wars, to rebuild america, and we reduce our deficit in a balanced way that allows us to make these critical investments. ultimately it's up to the voters, to you, which path we should take. are we going to double down on the top-down economic policies that help us get into this mess, or do we embrace america doing best when the middle-class. >> of trichet the chance to be here with the president and be at the university of denver -- i appreciate the chance to be here with the president. congratulations to you, mr. president, under anniversary. i am sure this is the most romantic place you can imagine being, here with me. i have had the occasion of the last couple of years in meeting people across the country. i was in dayton, ohio, and a woman grabbed my arm and said i have been out of work since may, can you help me? yesterday i was at a rally in denver and a woman came up to be with the baby in her arms and said my husband has had four jobs in three years. he lost his most recent job and we have now just lost our home, can you help us? the answer

'll have to close our deficit. and how do we deal with our tax code and make sure we are reducing spending in a responsible way and how do we make sure we have enough revenue to make those changes. governor romney's plan calls for $8 trillion, how we pay for that reduce the deficit and make the investments that we need to make without dumping those costs on middle class americans i think is one of the central questions of this campaign. >> both of you have spoken about a lot of different things. first governor romney do you have a question you would like to ask the president directly about something he just said? >> romney: sure. first of all, i don't have a $5 trillion tax cut. i don't have a tax cut. my view is that we ought to provide tax relief to people in the middle class, but i'm not going to reduce the share of taxes paid by high income people. they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income c

said you would cut the deficit in half, it's four years later. >> the way we do it is $2.50 for every cut. we ask for $1 additional revenue. pay for by asking those of us who have done well to contribute more to reduce the deficit. >> reporter: the president insisted romney would spend $5 million. >> math, common sense and history shows it's not a recipe of job growth. >> everything he said about my plan is inaccurate. >> reporter: medicare -- >> cutting from medicare to balance the additional cost of obama care is a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, those seniors are going to pay more for prescriptions. >> reporter: the exchange over health care and jobs. >> i don't know how the president could come into office facing 23 million people out of work, economic crisis at the kitchen table and fight for obama care instead of fighting for jobs for the american people. >> we did work on this alongside working on jobs. this is part of making sure middle class families are secure. >> romney challenging his to se exchange h

. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cutting $716 billion from medicare to be able to balance the additional cost of obama care is, in my opinion, a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. >> reporter: the fiercest exchange over health care and jobs. >> i just don't know how the president coul

him the 10% president. that is what he spiax responsibility for the deficit and libya is still raising more questions for the white house. it could have been stopped? >> paul: welcome to the journal editorial report. i'm paul gigot. you'll eyes were on ohio this week as they both hit the buckeye state hard. hoping to put 18 electoral votes in their col >> paul: politics poll real lot of attention to polls because it depends on what they take and the sample. these guys have been in ohio and they should start paying income tax. this thing is as close can be they both wouldn't be here. i expect this to go down to the wire. we are always a swing state. it will be very close. >> paul: so the democrats are saying one of big things that is helping the spent the auto bailout. is that how you lead to to help the president? >> look, we're up 123,000 jobs over the last year and three-quarters. we're actually according to the bureau of labor statistics down 500 jobs, auto jobs in ohio. the situation. chrysler has expanded and ford and gm have shrunk their footprint but we stabilizing. auto industr

trillion a tax cut. what i have said is i won't put in place a tax cut that adds to the deficit. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do so badly. john, he didn't come prepared for what he found there. he seemed difident, almost disinterested, sour. when they had the two pictures together he was looking down at his notes and the governor was talking to him as if he was lecturing him. some say he's lost his enthusiasm for the battle. he looked like he was weary of the job. i think it may have been something to do with him having been out on the ro

of the fed. certainly fed jim bernanke and a big hawk about our deficit. good to have you on the program. >> thank you, maria. good to be with you. >> what are you expecting? do you think governor romney comes out swinging right off the bat? what do you think he is going to be pressured and asked about in terms of specifics on his economic plan? >> overall i don't expect a whole lot of specifics from either one. in the last several weeks the whole of the discussion has been on debate techniques and who's going to make the biggest gaffe. hopefully they'll get to the bottom of it. but i don't know if they'll get around to what i consider the biggest financial issues, the debt crisis that we have. and what are they going to do about it. and how do they relate to the federal reserve. say we can't have much to do with it. let the fed monetize the debt and go on and on? i have not heard from either one of them actually cutting something. so i'm afraid the important issue of the financial crisis that we're in the middle of is going to get worse. my prediction is they won't really deal with it t

to say. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that preside

deficit spending. so this idea, look, overseas, which where i come from means lake superior. we both live near canada, right? the canadians have this figured out. the canadians lowered their taxes to 15%. president obama wants to tax our successful small businesses to go above 40%? when we tax our job creators at much higher tax rates than our foreign competitors tax theirs, they win, we lose. we have to get right with the idea that our jobs come from successful small businesses. we don't want to tax them more, we don't want to regulate them more, we want them to hire more. that is essential. [applause] and none of this is going to work. no business is going to be confident to take that risk to hire people, to advance people, to give people promotions and raises and job security if they see their government borrowing and spending like it is. we can't keep borrowing 36 cents of every dollar our government spends. we can't keep the federal reserve doing what it's doing. we cannot keep looking our children in the eyes knowing that we're going to give them a diminished future because we are s

president four years. you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them back in the game, it turns around the

. romney came out swinging as the candidates argued tax policy, budget deficit and health care and looks like the aggressive approach may have paid off for the republican challenger. a poll shows romney made strides. we go to denver first. >> reporter: terrell, good morning. seems like mitt romney may have received that boost he was hoping for after putting the president on the defensive for much of the night. romney lauded his own accomplishments as governor of to highlight the failed promises of the obama administration. the first presidential debate started with a hand shake and a romantic moment. >> 20 years ago i became the luckyiest man onarth because michelle obama agreed to married me. >> congratulations. >> reporter: that was the last touching moment of the night. >> everything he said about my tax plan is inaccurate. the tax plan he described is the tax plan i was asked to support i would say absolutely not. >> he's been running on this tax plan, and now five weeks before the election he's saying that his big bold idea is never mind. >> reporter: the theme of the debate for pre

deficit. they have to deal with the deficit. but once you're done with the deficit you have to rebuild the middle class in this country and nobody is paying much attention to that. we have a lot of rhetoric in the campaign but-- >> but the necessary done to help the middle class is to nail down the fiscal issues. if we don't nail down the fiscal issues, i don't think anything will matter. >> but i'm with you, i think it will happen because of necessity, because of the fiscal cliff. >> what it will take to rebuild the middle class? >> it's taken three decades to basically decimate the middle class. it will take something like that to rebuild it. but we have to be dedicated to that. we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i thi

clinton were turned into record deficits under george bush is because we put two wars and two tax cuts on a credit card. and now governor romney wants another $5 trillion in tax cuts that he can't pay for? not if i have anything to say about it. that's not going to happen. [applause] we are not going to let this country fall backward. not now. not with so much at stake. we've got to move forward. we need to invest in small business and manufacturers who create jobs here in the united states. we need to recruit 100,000 math and science teachers, train two million workers at community college, bring down the cost of college tuition. we need to -- [cheers and applause] we need to cut our oil imports in half. create thousands more jobs in clean energy. we need to use the savings from ending the wars in iraq and afghanistan to help pay down our deficit and put people back to work doing some nation building right here at home. that's the agenda we need. that's how you strengthen the middle class. that's how you keep moving forward. that's the choice in this election. and that's why i'm runni

the deficit or stick it to the middle class. that's the math. we can't afford to go down that road again. we can't afford to gut our investments in education or clean energy or research and technology. we can't afford to roll back regulations on wall street. or on big oil companies or insurance companies. we cannot afford to double down with the same top-down economic policy that is got us into this mess. that is not a plan to create jobs. that is not a plan to grow the economy. that is not changed. that is a relapse. we don't want to go back there. it didn't work, and we are not going back. we are going forward. i've got a different view about how we create jobs and prosperity. this government doesn't succeed when we only see the rich getting richer. we succeed when the middle class gets bigger. we grow our economy not from the top down, but from the middle out. we don't believe that anybody is entitled to success in this country, but we do believe in something called opportunity. we believe in a country where hard work pays off and where responsibilities were awarded and everybody is getti

to handle the economy, mr. romney leads by three. on the deficit, mr. romney leads by nine. on all of these issues, that's the one on which he has the strongest trust from voters as compared with president obama. and that confidence in mr. romney on the deficit turns up not just in the nbc/"wall street journal" poll, but in a lot of national polls. even though he hasn't given a lot of details as to how he would handle the deficit as an issue. the bottom line, there's no question as to who you would rather be here, right? you would rather be president obama than mitt romney looking at these numbers. that plus 19 advantage that the president has on looking out for the middle class, that is a death nail for mr. romney's campaign if he cannot turn that around. but i think looking ahead to tonight's debate, there is a real opportunity in the huge disconnect in the electorate, in a way that reflects a real risk for president obama. there's this huge disconnect between mr. obama's best number with voters and one of his worst numbers. which is that president obama has so far not been able

losses, bigger unemployment and bigger deficits and more wars than president obama, was, by the failed policies of george w. bush. which resulted in directly, the greatest job losses since fdr. this is not easy and it is hard work but we are moving forward. >> let's talk about policies. we didn't hear in the hour and 25 minutes of debate anything about the stimulus package. if you look at the policy the trickle-down government policy as the governor described it, they represented below 6% unemployment now, after spending all of that money and had full charge of the first two years and the policies that this president put into place, actually made it worse. including the fact that obamacare is actually... employers, it is causing them not to hire and gas prices doubled and the middle class is buried under this administration and the vice president said it aptly and it is true. >> chris: let's turn to a couple of issues that came up in the debate. obviously the jobs report came out after the debate. both sides said the other candidate is lying about his position and let's start with taxe

deficit and a balanced way that allows us to make these critical investments. now, ultimately it will be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policy that helped to get us into this mess cliques or do we embrace a new economic patriotism that says america does best when the middle classed as fast. i am looking forward to having that debate. >> moderator: governor romney, two minutes. romney: thank you, jim. i am pleased to be at the university of denver and i appreciate their welcome and also the presidential commission on these debates. congratulations to you, mr. president on your anniversary. i'm sure this is the most romantic place you can imagine here with me. [laughter] congratulations. this is obviously a very tender topic. identification of the last couple years many people across the country. i was in dayton, ohio, and a woman grabbed my hand and said she'd been out of work since may. can you help me? yesterday was a rally in denver and a woman came up to her with a baby in her arms and said my husban

on the economy and jobs. >> as you said, the focus clearly on the economy from jobs to taxes to the deficit. mitt romney went on the attack early among other things on what he planned to cut. >> obama care is on my list, apologize mr. president. >> i like -- >> good. i'm sorry, jim, i will stop the subsidy to pbs. i like pbs. i like big bird. i will not keep borrowing money. >> president obama responded by questioning pledge to cut taxes for all and reducing the deficit at the same time. >> math, common sense and our history shows us that's not a recipe for job growth. we've tried this. we've tried both approaches. the approach that governor romney is talking about is the same sales pitch that's made in 2001-2003. >> the national federation of independent businesseses said your plan will kill 700,000 jobs. i don't want to kill jobs in this environment. >> romney slammed the president for the collapse of sill cylinderra and among things. 46% of america he considered himself -- themselves victims. even president supporters frustrated he didn't go on the owe -- offensive. >> we have crews with both

that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of

direct exchanges came on the issue of the deficit. governor romney challenged the president that he had not done enough to reduce the president. lead to mass i have cuts. >> you have been president four years. you would cut the deficit in half, we still have trillion dollar deficits. a trillion dollar deficit each of the four years. if you are reelected, we'll get to a trillion dollar debt. >> we're asking for no revenue, we hag to give -- end up in resulting in se veer hardship for poem. >> social security is also a big topic. both men went back and forth on this one. >> you can call it a target or lind pent voters. they are eventually going to need social security, so the job of each of these candidates tonight was to paint the other's programs in aing intive right. on the issue, the president said that mitt romney's plans would eventually turn entitlements. he is trying to empower people to take control other their present this plan, the sees sense of the plan. >> i know what my own vow is. i rather not telling the government not telling me what insurance company to get. >> thi

the deficit or burdening the middle class. it's math. it's arithmetic. >> reporter: on medicare and social security one agreement. >> neither the president nor i are proposing any changes for any current retirees or near retirees. >> reporter: in ten years romney wants a private medicare option. >> aarp has said that your plan would weaken medicare substantially. >> reporter: romney fired back in a major debate moment that the president weakened the economy by his focus on health care. >> i just don't know how the president could come into office facing 23 million people out of work, rising unemployment, and spend his energy and passion for two years fighting for obama care instead of fighting for jobs for the american people. >> we did work on this alongside working on jobs because this is part of making sure that middle class families are secure in this country. >> reporter: a substantial debate. no zingers. i'm steve handelsman, nbc news, denver. >>> all right. so how did the candidates do? well, post debate instant polls reveal that most voters believe mitt romney did better than presi

as we wind down two wars to rebuild america, and that we reduce our deficit in a way that makes us ablet -- that makes it able for us to create critical investments. it is up to you. are we going to go from the top down, which is what got us into this mess, or do we embrace the new economic patriotism that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney. >> thank you, jim. i appreciate the chance to be with the president. appreciate the university of denver and their welcome. congratulations to you, mr. president, on your anniversary. i am sure this is the most dramatic place you could imagine, here with me. so congratulations. [laughter] this is a tender topic. i have had the occasion over the last several years meeting people across the country. i was in ohio and a woman grabbed my arm, and she said, i have been out of work since may. can you help me? yesterday was a rally in denver. a woman came up to my wife with a baby in her arms and said, my husband has had four part-time jobs in three years. we have just lost o

on the different issues from taxes to spending and the deficit. >> only in washington would you count $4 trillion of reduction when, in fact, the plan called for adding $1 trillion of debtry one of the next fur years. i think that is wrong. we should instead take a course represented by free democrat to get america to cap our funding, cut our spending and get us on track to a balanced budget. >>reporter: the obama campaign licking their wounds and said governor romney has a vigorous performance that was devoid of honesty. the romney campaign firing back against that saying that the obama campaign has been engaging inning in but false statements. trace, the war of words continues this far after the debate. >>trace: it will go on. john, thank you. president obama's advisor, david axelrod acknowledging that governor romney has a great night and admitting the president will make some adjustments. president obama fought back today attacking governor romney on the campaign trail. listen. >> it could not have been mitt romney because the real mitt romney has been running around the country for the last

bigger unemployment, bigger deficits, more wars than president obama was by the failed policies of george w. bush which resulted in directly the greatest job losses since fdr. h is hot easy. in is hard -- this is not easy. this is hard work. >> we didn't hear in an hour and 20 minutes of debate anything about the stimulus package because if you look at the policy the trickle down government policy as the governor described it, they represented we would be below 6% unemployment now after spending all that money. the policies that this president put into place is actually made it worse including the fact that obama care is causing small employers not to hire because of rising healthcare costs. gas prices have doubled. the middle class is being buried under this administration. the vice president said it aptly and it is true. >> chris: let's turn to a couple of issues that came up during the debate. obviously the jobs report came out after the debeat. both sides saying that the other candidate is lying about h his position and let's start with taxes. governor, the president keeps saying that

. >> president's number one vulnerability, is it the deficit conversation? >> i think that there isn't really -- the president has done a very good job in colorado of pointing out the things he has done. agricultural exports are up largely because of new markets opening. overall exports are up. 38% by the end of last year. our economy has seen a lot of benefit. issues around the stimulus sometimes people bring that up. colorado voters are more in tune with that. there is although i think there is also some of the background issues that have risen in. women's issues -- >> i want to bring that up. is that romney's number one issue? i have seen a lot of advertising specifically targeted women here in colorado. >> when michael bennett was running for the u.s. senate those women issues came up again and again and really did turn a great number of voters in the direction of michael bennett. >> i know you are having a fight between the state and localities having to do with fracking and you want to expand energy. it sounds like romney would be on your side on some of these things and the stereotype

on jobs? is he going to run on finances or deficit? unemployment? what did he say about the future? >> governor strickland? >> what deductions was mitt romney willing to lay before the american people? >> what he said is -- >> he has an idea but there's no detail there. and the american people know that when you cut taxes for wealthy people and somebody's got to pay the freight man. somebody's got to carry the burden of keeping this government running, of paying veteran benefits, of making sure medicare is secure, of protecting social security. i mean, mitt romney is devoid of specifics. and that's the problem with the mitt romney plan. >> you know, i think the problem with your analysis of romney's campaign is that you're using obama's spin points. we are going to cut veteran benefits, we are going to decimate social security, all of which is utter nonsense. the bowles simpson, obama's commission, i don't mean to get wonky here, chris, said they were going to lower the upper rates on americans far more than before. and by the way, governor romney said that you could look at the bo

on deficit reduction requiring the wealthy to pay more and more cutting in the federal government. >> you have 90 seconds. >> again, shame on you. you thought this campaign is going to be a coronation because you're a democrat and now you are in a serious race with a serious woman and you are desperate. therefore you raise these issues. my plan sites every word that i used from the brightest in the best to but my plan together. you would be better served to be putting a plan together. you need to be honest with the people of connecticut. you need to be honest about your special interest loans. to be honest about your attendance in washington. shame on you for taking this direction with this campaign. it is beneath you. and the people of connecticut deserve better. in my plan, i have referenced a tax cut for the middle class. my plan, if you take a look at it, absolutely keeps taxes the same across the board accept we're going to cut taxes for the middle class. my plan is the only one that has an actual middle-class tax cut. congressman murphy has voted to raise taxes on the middle class o

, there are also some tax hikes here, and wouldn't that do something to decrease the deficit? >> yes, it's the only specific tax increase that-- of both candidates and if you would close the deficit and turn some of the tacks to the higher levels, and the revenues for the government, revenue enhancement. however, to cost patriotism to say a small fraction of the country will have an extra tax burden, everybody has to pay more taxes, in fact, if you combine the tax proposals of mitt romney and president obama, together you would have a patriotic plan where you're removing some of the benefits of the lower people the last 10, 15 years and then, we would have higher revenues cross the board and that would lower the deficit the most, and the other things in this that are not particularly patriotic. a lot of the obama proposals think there's a small group that can fix the problems. the thing with the car thing, we all have to pay a higher gas tax and help the deficit, and have the cars making 80 miles per hour and we're the ones driving far. >> you say you want to wave the flag for patriotism, you say t

surveillance, we assessed on the basis of the numbers that were given to us, as well as the forecast of deficit consolidation expected. we did say at the time that the timing seemed too short to us. and you would say that this is being heard? >> yes. >> i guess this is sort of a follow-up question from the previous. >> i see the you are taking notes. >> yes. you mentioned in your remarks that there should be less focused on target, rather more on implemented will measures. -- implementable measures. you said there was a specific target for march that was looming large in that debate. you did mention that, the role of that analysis. but this the emphasis of the target -- deemphasizing of the target, should that be interpreted as the next being less relevant for the continuing fund intervention? if so, does that mean that the long-term target is going to be achieved by the direct restructuring of the junior officials said to participate? and that this can be achieved in a state that may be more politically opportune? such that it does not have to basically be settled by later this month or in oct

. >> the president said we cut the deficit in half. unfortunately he doubled it. >> jon: 1.2 trillion when he took office t is 1.1 trillion now. mr. president are you just going throat him roll you. >> mr. president, two minutes. >> when i walked in the oval office i had more than a trillion dollar deficit greeting me. and we know where it came from. yes, when to take some initial emergency measures to make sure we didn't slip into a great depression. let's make sure we are cutting out those things that are not helping us grow. 18 programs are-- medical fraud in medicare, cut a trillion dollars out of our discretionary domestic budget. the specifically specific $4 trillion deficit reduction plan t is on the web site. you can look at all the numbers. let me just finish this point because are you looking for contrast. >> way over two minutes. >> sorry (laughter) >> jon: you went over your time? and you somehow managed in all that overtime to not turn and look your opponent in the lie and just mention what he said was untrue? not even a quick sneeze before your answer, no need to be coy, let me see i

our trajectory of our budget deficit is going to be. certainly, the budget is not simply a numbers issue. it has a big impact when you translate it into the lives of our residents. when you are talking about deficits that may impact the morning commute because you write muni -- you ride muni, or whether we're talking about closing down seven facilities, or whether we're talking about impacts to services, there is an impact to residents, so i think that impact of the budget is big, as well as economic growth for our residents. >> what are the biggest issues for your district? supervisor chu: sunset district is a great district. it has many residents who are families. we have a lot of families in our district. lots of kids, lots of seniors, people who have raised their families there for many generations, and one of the paramount thing is, aside from the larger issues that are important to the entire city -- i think the big issue that is really in people's minds is the state of the economy. how is it that we are going to be able to bring down the unemployment rate in san francisco? h

cut the deficit in half. and romney went on to say, unfortunately, he doubled it. first things first. the president did pledge shortly after he took office that he would cut the deficit in half by the end of his first term. did he? he did not cut it in half but he did not double i either. if you used the congressional budget office's projections for the deficit at the time the president took office, the deficit has dropped slightly. about 8%. if you use the fiscal year 2009, after months after he took office, it down by 25%. so there. >>> so there are countless reasons to spend time in san francisco this weekend and one of them is america's cup. nbc bay area's lawrence scott has a look. >> thank you so much. it was a tremendous day of racing. full of spills and chills and an action packed day. there is one champion crowned and another right on the doorstep. it was an absolutely wild day of racing on the america's cup series. oracle day spithill first punching its way to the finals. and then they find themselves upside down and out of action. but spithill and crew would right the ship

-income individuals to avoid either raising the deficit or burdening the middle class. it's math. >> i'm not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. gwen: and will today's improved jobs numbers change the political landscape again? debating, peter baker of "the new york times," dan balz of the "washington post." jeanne cummings of block berg news, and john dickerson of slate magazine and cbs news. >> award winning reporting and analysis, covering history as it happens. live in our nation's capital, this is "washington week" with gwen ifill, produced in association with "national journal." corporate funding for "washington week" is provided by -- ♪ >> wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> we know why we're here. to connect our forces to what they need when they need it. >> to help troops see danger before it sees them. >> to answer the call of the brave and bring them safely home. >> around the globe, the people of boeing are working together to support and protect

governor romney's pledge of not reducing the deficit, or not adding to the deficit, is by burdening middle-class families, now that's -- not my analysis. >> the president has a view very similar to the view he had when he ran four years ago, a bigger government, spending more, taxing more, regulating more, if you will, trickle down government would work. that's not the right answer for america. >> romney kept attacking o mode instructions. obama some times had trouble getting a word in. many u.s. media analysts say romney had a belttter performan. the candidates have two more debates they have five weeks to win over undecided voters. turkish forces have fired artillery shells across the border into syria. they're retaliating for syrian mortars that landed in southern turkey. it killed five people including a woman and her three children. the mortar landed in the turkish town of akcakale. they have warned of prompt action if their security was threatened again. turkey has provided support for the opposition free syrian army and the turkish military has been building up tanks. turkey has pro

. >> there be will no tax cut that adds to the deficit. i want to underline that no tax cut that adds to the deficit. >> reporter: but the president repeatedly insisted that romney is calling for $8 trillion in tax cuts and spending that cannot be paid for without adding to the deficit or burdening more middle-income americans. >> it's math. it's arithmetic. >> reporter: the. also criticized his -- the president also chris sitees the -- criticized hid cal letter without -- his challenger of not providing more. the obama campaign is conceding that the extensive preparation paid off at a time when he needed a lift. many viewers saw a president not at the top of his game. >> he seemed a bit nervous for some reason. almost some questions threw him off and rit romney seemed to throw him off a bit as well. >> reporter: not everyone is giving the win to romney. >> obama had -- he was more comfortable with his ideas. romney was working a bit too hard trying to convince people because he's down in the polls. >> reporter: the president and mitt romney square off again two more times. the next debate is a town

this because they are not fixing their economic problem. you can't fix a problem of deep recession and deficits by more austerity when the economy is this weak. i think europe has a big problem. but for u.s. toward we should take it with a grain of salt. europe is slow, but we don't export that much to europe. our financial system looks very strong. i think u.s. consumer confidence at this stage is somewhat resilient to the stories. it is a bigger story for the europe than the united states. >> in the united states we have a different set of worries we are seeing warnings from big american companies about their future earnings. we ended the third quarter and already we heard from fedex, caterpillar, big global companies that are citing europe. caterpillar is citing china, as well. what are you expecting out of the earnings period that we will see in the next couple of weeks? >> there is a slow down in the global economy. off recession in europe and a slowdown in china which is more significant than the chinese gdp numbers suggest. that is rippling to countries like korea, taiwan and japan. that

a record deficit when he came into office. >> does it work to keep talking about what happened before? >> only to put in context of where he wants to take the country. we were handed a record debt. record deficit when we walked in because of two wars that weren't paid for, two tax cuts that weren't paid for. because of the economic crisis we had to take emergency action. he would do that same thing today. we saved millions of american families from the severe -- most severe economic crisis we've seen in our life times. now the president cut a trillion dollars and he has a plan to do more, a $4 trillion deficit reduction plan. the only person on that stage tonight with a real deficit reduction plan scored by the cbo, you know, scored by independent economists is barack obama. mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this wee

arguing that the president's job creation efforts have only added to the deficit. >> a couple nights ago we had a debate. you may have had the chance to see that. >> reporter: before the jobs number, romney was riding a wave of momentum after this week's debate, he even got a pass from the president who never mentioned romney's comments on the 47% of americans who don't pay income taxes. >> 47% of the people will vote for the president no matter what. >> reporter: romney tried to put an end to the controversy once and for all on fox. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessions, now and then you'll say something that doesn't come out right. >> reporter: democrats maintain that tone deafness extends from main street to sesame street. so, obama aides sent a protester in a big bird outfit to mock his call to end funding for pbs. romney will spend part of the weekend in debate prep and the other part in hitting the president on the economy as a senior romney adviser put it, job growth should not be the new normal. >>> now to that shoot

's budget you are going to have a trillion dollars deficit. he said, i have not done anything yet. [laughter] he said, no mr. president, the budget they passed guarantees no matter what you do, you will have a trillion dollar debt this year in the budget. a trillion dollar deficit, to be precise. these guys talk about the national debt. what date did generated the -- what they did generate -- generated the jobs since world war ii. it gave us this great recession. what they have not told us is what they are willing to do about it. we laid out a $4 trillion debt reduction plan over next 10 years. we have already passed $1 trillion of it. these guys voted against everything. not only did they say they did not like our plan -- what is your plan? you go out there and you look at the setup. an impressive bipartisan commission. simpson-bowles. everyone of those plans, they rejected. paul ryan even voted against the simpson-bowles plan as a member of the commission. he would not vote to let it get to the united states congress. why? it's important you know why. because they will not voted for a sing

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